Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Personal Loan

By Dialabank Subscribe to RSS | April 4th 2012 | Views:
loading
 
  



To know about Personal Loan it is very important for you to understand the concept at first. Personal loan is an unsecured loan that can be used for personal expenses or fulfillment of personal aims. It can be made available to you for any purpose, whether a marriage, to buy property, to start business, to buy car, to renovate your house, to travel abroad, to educate your children, to meet medical expenses, etc. Personal Loan is something that fulfills all your needs for which you keep grumbling always.

To get a personal loan the first thing is proper planning. Know what you need to do with the loan amount, how will you repay the loan amount, what will be the EMI amount, what will be the interest rate given to you, whether the rate of interest will be fixed all through or floating, etc. generally a personal loan amount ranges from 50,000 to 20 lacs. It depends upon your monthly income or salary as to what should be your EMI. EMIs can be calculated with the professional EMI calculators given by the banks or financial institutions. This will help you to know the exact figure you need to save every month in order to clear payments.

Personal Loan: Some advantages/ benefits

Personal Loan with no collateral security:

Personal Loan is generally having no collateral security; it plays a role of secured Personal loan. Here, when the bank provides you with loan of your required amount, it doesn’t ask you to pledge any asset or property or any valuable item against the money given like in the case of gold loan.

Easy documentation

Personal Loan doesn’t require heavy and lengthy paper work. The procedures of application and sanctioning Personal Loan can be completed with minimal paper work. In secured loans, this is the best advantage.

No limitation on end use of Personal loan

All that the bank or creditors are concerned with is whether you are able to repay and whether you are repaying the borrowed money on time. They see whether you pay the amount with the given interest rate according to the terms and conditions already stated and disclosed by the bank. The banks want you to follow the procedures, therefore they verify all about your salary, business or employment, your location, etc.

Personal Loan amount

Loan amount can range from 50,000 to 30 lacs. You can select any amount that is required for you to fulfill your personal needs, not denying the fact of paying the amount back with complete capacity and amount present with you.

Personal Loan: Compare and Buy

Comparing personal loan interest rate with other banks or institutions is mandatory so that you easily save money and can know the market rate of such interest provided to you. Personal interest loan rates should be compared on the basis of your loaned amount and salary, income, profession, etc personal interest rate is generally granted from 12% to 25%.

Apart from comparing interest rates, you also need to look in for the other fee or charges that are applicable along with the interest rates. Te pre payment fee, documentation fee, service charges, etc can shell out your pocket, so be careful and make the most effective and affordable deal.

Whenever you are presented lots of options and different companies Personal Loan with different interest amounts, tenure, etc you should not immediately nod your head towards the most attractive package. Think a while, compare these plans with the most reputed bank deals and offers, see whether you are getting an option that matches all your needs, whether you will be able to handle the loan amount you have accepted, and then move on with it.

For more information please visit us at: http://www.dialabank.com/personal-loan.cfm

Dialabank - About Author:
Gaurav Khurana is an expert on Personal Loan. He is the Founder Director of DIALABANK.COM (or Call 60011600) and Ex National Sales Head – ING Investment Mgt India and Vice President Citibank N.A

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/loans-articles/personal-loan.htm

Related Loans Articles Subscribe to RSS

The interest rate for a car loan can differ
Published by Amber Dorsch on January 24th 2012 | Loans
It is always better to look around before getting a car loan as sometime your neighboring locations ...
 
10 dollar payday loan- Fastest way to avail small cash
Published by Addison Maddy on June 16th 2012 | Loans
10 dollar payday loan is actually a small cash loan especially crafted for everyone who wants to bor...
 
60 day loan- Valuable cash help for all
Published by David Hassia on April 4th 2012 | Loans
By availing quick cash through 60 day loan, you can manage financial emergencies with ease....
 
No faxing payday loan: Get your Money Approved with No Document
Published by Albann James on March 24th 2012 | Loans
When you don’t see any opened way to get into fiscal support, you can take extreme support of no f...
 
Text loan: Bear All Expenses with Comfort
Published by Deniz Jared on July 17th 2012 | Loans
Text loans would provide you with instant money so that you would bear all expenses with comfort....
 
Cash Loans for Bad Credit- Easy loan for bad credit people
Published by Andrew Stomes on June 28th 2012 | Loans
By taking quick money with the aid of Cash Loans for Bad Credit, it is feasible for you to overcome ...
 
Teletrack payday loans- Easy cash loan available online
Published by Malen Cheks on May 10th 2012 | Loans
By acquiring quick cash via teletrack payday loans, you have the right option to fulfill unexpected ...
 
Instant loan- Financial solution to meet unexpected cash crisis
Published by Aden Jon on June 12th 2012 | Loans
Get quick cash via instant loan in order to combat against unexpected financial hurdles now!...
 
1000 cash loan- Small financial help available online
Published by Morgan Sadyu on May 23rd 2012 | Loans
If you are taking instant funds via 1000 cash loan, you can overcome cash worries without any hassle...
 
1500 cash- Wonderful loan to help borrowers
Published by Malen Cheks on April 9th 2012 | Loans
If you have obtained instant cash up to $1500 through 1500 cash, you will achieve fiscal emergencies...
 
Reduce your installments with debt consolidation loan
Published by Eric Brown on December 1st 2011 | Loans
100% acceptance. No broker fee. Bad credit or good credit, you will find a loan that will suit your ...
 
Payday loans Canada- Get quick cash in the form of loan now!
Published by Joen Henry on May 23rd 2012 | Loans
By taking quick cash from payday loans Canada, you have the facility to fulfill unexpected credit wo...
 
Cheque loan: reliable Source of Money
Published by Malvin Flec on July 17th 2012 | Loans
Grab any amount of money using your cheque book as cheque loan is available in the loan market for y...
 
90 day loans bad credit- Get loan and feel free of mind!
Published by Alesia Ace on December 19th 2011 | Loans
To fulfill your fiscal crunch, you need to apply for 90 day loans bad credit scheme available online...
 
Instant cash loans Australia - Easy loan before your next payday
Published by Taren Bush on July 16th 2012 | Loans
If you are Australian, it is better for you to avail instant cash loans Australia whenever you are i...
 
I Need 100 Dollars Now - Small loan with easy repayment option
Published by Jacob Madox on June 25th 2012 | Loans
If you are taking quick cash via “I Need 100 Dollars Now” loan, you can instantly meet cash cris...
 
Instant loan today- Get money and repay loan on the next payday!
Published by Aldenn James on November 29th 2011 | Loans
If you want instant money then you need to apply instant loan today available online. This is a grea...
 
Get a payday loan- Easy and convenient way to acquire instant money
Published by Ponting Sarad on July 3rd 2012 | Loans
By getting a payday loan, you can instantly acquire quick funds so that you can easily fight against...
 
Payday advance- Short term loan for managing any emergency bill
Published by Roy Baker on March 27th 2012 | Loans
Short term loans like payday advance is suitable for removing the financial crisis until the month...
 
Borrow 200 dollars- Typical loan available with small funds
Published by Micles Jonson on July 20th 2012 | Loans
By borrowing quick sum of around 200 dollars, you can fulfill small fiscal worries with
ease....